New equity ETF from AXA Investment Managers on Xetra: access to European companies in line with the Paris Climate Agreement
New equity ETF from AXA Investment Managers on Xetra: access to European companies in line with the Paris Climate Agreement
A new exchange-traded fund issued by AXA Investment Managers has been tradable on Xetra and via the trading venue Börse Frankfurt.
The AXA IM MSCI Europe Equity PAB UCITS ETF gives investors the opportunity to invest in large and mid-cap companies from 15 developed markets in Europe. The ETF is aligned with the goals of the Paris Climate Agreement. Companies will be selected and weighted to mitigate climate-related physical risks and transition risks on the path to a lower-carbon economy, while taking advantage of the opportunities arising from this transition.
The fund tracks the MSCI Europe Climate Paris Aligned Index and currently includes over 240 companies from various sectors. Industrials, Financials and Health Care account for over 57 per cent.
Name | Asset class | ISIN | Ongoing charges | Distribution policy | Reference index |
AXA IM MSCI Europe Equity PAB UCITS ETF EUR acc | Equity ETF | 0.14 per cent | accumulating | MSCI Europe Climate Paris Aligned Index |
The product offering in Deutsche Börse's XTF segment currently comprises a total of 2,127 ETFs. With this selection and an average monthly trading volume of around €14 billion, Xetra is the leading trading venue for ETFs in Europe.